At October 1, Bennington Enterprises reported stockholders’ equity of $35,000. During October, the common stock of $2,000 and the company earned net…

At October 1, Bennington Enterprises reported stockholders’ equity of $35,000. During October, the common stock of $2,000 and the company earned net income of $6,000. If stockholders’ equity at October 31 totals $40,000, what amount of dividends were paid during the month?

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply